SB 1288 (2011) -  Nonjudicial Foreclosure/Commercial Real Property

by Hays
Cites this act as the "Nonjudicial Foreclosure of Commercial Real Property Act." Provides for appointment of a trustee. Provides for trustee initiation of foreclosure of mortgage liens. Provides requirements to be met before encumbered property may be sold by trustee. Provides that provisions concerning the trustee foreclosure procedure do not impair or otherwise affect a foreclosing creditor's right to bring a judicial foreclosure action, etc.
Effective Date: 07/01/2011
Last Event: 05/07/11 S Died in Judiciary on Saturday, May 7, 2011 3:35 AM

Referred Committees and Committee Actions

Senate Referrals

  • Judiciary
  • Banking and Insurance
  • Budget

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Judiciary Time: 05/07/2011 - 3:35 AM Member: Committee: Version: __
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: __
Event: S Now in Judiciary Time: 03/23/2011 - 10:33 AM Member: Committee: Version: __
Event: S References corrected to Judiciary; Banking and Insurance; Budget -SJ 269 Time: 03/23/2011 - 10:33 AM Member: Committee: Version: __
Event: S Original reference(s) removed: Banking and Insurance; Judiciary; Budget Time: 03/23/2011 - 10:32 AM Member: Committee: Version: __
Event: S Introduced -SJ 95 Time: 03/07/2011 - 5:34 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Judiciary; Budget -SJ 95 Time: 03/07/2011 - 1:36 PM Member: Committee: Version: __
Event: S Filed Time: 02/22/2011 - 9:45 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
52.101
52.102
52.103
52.104